Public Sector Pension Investment Board Increases Holdings in Invitation Homes Inc. (NYSE:INVH)

Public Sector Pension Investment Board lifted its position in Invitation Homes Inc. (NYSE:INVH) by 25.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,258 shares of the company’s stock after buying an additional 20,362 shares during the period. Public Sector Pension Investment Board’s holdings in Invitation Homes were worth $3,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of INVH. Capital Square LLC grew its position in Invitation Homes by 1.3% during the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after buying an additional 308 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after acquiring an additional 310 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Invitation Homes by 6.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock valued at $197,000 after acquiring an additional 343 shares during the period. CWM LLC increased its stake in shares of Invitation Homes by 5.1% in the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after purchasing an additional 351 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in Invitation Homes by 0.6% in the 3rd quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock worth $2,279,000 after purchasing an additional 369 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

INVH has been the subject of a number of analyst reports. Bank of America cut Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $37.00 to $38.00 in a report on Monday, August 26th. Mizuho lowered their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.80.

Invitation Homes Stock Performance

Shares of NYSE:INVH opened at $33.59 on Wednesday. The firm has a fifty day simple moving average of $33.82 and a two-hundred day simple moving average of $34.96. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $20.58 billion, a P/E ratio of 47.31, a PEG ratio of 5.15 and a beta of 1.03.

Invitation Homes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.33%. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.